QUICK SPARK: Dow Falls 700 Points, Nasdaq Drops 1% As Yields Rise Again

The Dow Jones fell about 700 points on Thursday, dragged by a sharp 9% drop in Walmart shares. The move suggests weakening investor sentiment toward major consumer retailers and points to near-term pressure on retail-heavy benchmark performance.

Analysis

The Dow Jones fell about 700 points on Thursday, dragged by a sharp 9% drop in Walmart shares. The move suggests weakening investor sentiment toward major consumer retailers and points to near-term pressure on retail-heavy benchmark performance.